- Nifty closed at 5641.60 up by 7.75 points
- Nifty future closed at 5640.35 premium of -1.25
- Open interest of nifty is 1,21,60,600 down by 10,33,750 mostly Roll over was happened to next month serious. April month serious added 25 lak shares in Open interest
- Advances 657 Declines 831 Unchanged93
- Index gainers Airtel, HUL,Ranbaxy....
- Index losers Rel infra, Siemens, Reliance....
- 52 week high DB corp....
- 52 week low ABB, BHEL,Gail.... Lots of stocks hitted 52 week low
- Banned security for 28 march - Hdil,Ivrcl infra
Put option =36738700
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Call option=47781050
PCR =0.768
Market turnover on 26-03-2013
Conclusion & Suggestion for 28-03-2013
Market expiry day for this current serious. Now market tested the 200 DMA.If nifty close below 200 DMA for 3 consecutive days then we may see big fall, might be test 5000 also. But FII's are still investing more money here But properly hedge their holdings by using option. Nifty may test 5551 on lower side but never ever close below 5551. The mention bottom of 5551 is only for intraday, So risky trader may buy nifty near 5570-5580 level with max sl of 5551. Mostly we are expecting market may bounce from this level. Because Corporate results are coming soon. So those news may drive market in coming days.
We are expecting corporates results should beet market expectation. IT sector surely provide good results. But we need banks have to bring out good result, then we may see good upside. We already said here that lots of banks are looking very cheap now. Investors may utilize those chances. please keep one thing, that if nifty close below 200DMA or Break 5551 then simply short any stocks, market may fall 200-300 points very fast. Second half we may see short covering...let us watch what will going to happen???
Nifty levels
Nifty resistance - 5625-5620, 5588-5580 (major)
Nifty support - 5663-5670 (major) Buy above this level for 25-35 points target.
Stock calls:
Tatamotors : Buy above 277 sl 272 target
will be 281,284
Sun tv : Sell below 377 sl 383 target
will be 373,369
Please hold all stocks....
THANKS & REGARDS
NSEBSENOW E-mail-- nsebsenow@gmail.com
